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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Global Magnesium Raw Materials Market
Request Now !Magnesium is a silvery white metal, which is analogous in appearance to aluminum and weighs one-third less than aluminum. It is a ubiquitous element and is found in more than 80 minerals, which contain more than 20% magnesium in their crystalline structure. Dolomite, magnesite, bishovite, brucite, olivine, and carnallite are used as raw materials for magnesium production along with bitterns, brines, ultramafic rocks rich in serpentine, fly ash, and asbestos tailings. Among these, brucite and magnesite are widely used in the production of dead-burned, caustic, and fused magnesium. Dolomite and magnesite are frequently used magnesium ores. Magnesium raw materials are used in the production of a wide array of materials including dead burned magnesia, caustic-calcined magnesia, fused magnesia, electrofused magnesia, and others.
The growth of the global magnesium raw materials market is driven by rise in demand for magnesium and its alloys, especially from the automotive industry. Moreover, increase in use of magnesium in the production of aluminum alloys and in die casting techniques is projected to boost the demand for magnesium raw materials. In addition, growth in adoption of aluminum-magnesium alloys and die cast magnesium in transportation sector is expected to supplement the market growth. Furthermore, technological developments and rise in investments in R&D activities to cater to the increasing demands of magnesium is anticipated to fuel the demand for magnesium raw materials. Furthermore, the increasing demand for magnesium for sulfur removal is projected to drive the market growth. However, explosive nature of magnesium and emission of harmful UV radiations when burnt hamper the market growth.
The global magnesium raw materials market is segmented on the basis of product, application, and geography. Based on product, the market is categorized into dolomite, magnesite, bishovite, brucite, olivine, and carnallite. Magnesite is further bifurcated into phanerocrystalline magnesite and cryptocrystalline magnesite. Brucite is subsegmented into bulk type and fibrous type. Applications covered in the study include dead burned magnesia, caustic-calcined magnesia, fused magnesia, electrofused magnesia, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the Key Players Operating in the Global Market include:
Key Benefits
Other Key Players (not profiled) in this industry include:
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